Beepi Winding Down After Burning Through $150M

Re:Beepi Winding Down After Burning Through $150M by dharmon on Friday February 17, 2017 @01:13AM (#13666299)

There's an instructive lesson here in how both valuation and annual run-rate are meaningless numbers without a sound fundamental business underneath.

Beepi was valued at $500MM and had an almost $200MM annual run-rate, yet evaporated and is now worth absolutely nothing.

Who else out there has 9, 10, or even 11-figure valuations and high revenues but is actually a worthless business?

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Re:Beepi Winding Down After Burning Through $150M by chriswilmer on Friday February 17, 2017 @11:28PM (#13673612)

Oh weird, this exact comment was also posted on reddit (r/business)

What's going on?

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Re:Beepi Winding Down After Burning Through $150M by dharmon on Saturday February 18, 2017 @09:42AM (#13674924)

Wasn't by me.

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Re:Beepi Winding Down After Burning Through $150M by hkmurakami on Friday February 17, 2017 @03:51AM (#13666884)

This $200MM surely had to be GMV rather than ARR right?

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Re:Beepi Winding Down After Burning Through $150M by kak9 on Friday February 17, 2017 @04:23AM (#13667002)

Yup. People sometimes use ARR to mean multiple things. Previous poster was referring to run-rate which likely was the run rate for GMV--versys ARR which I assume you mean as annual revenue

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